Love's Entrepreneur's Cup 2020 Goes Virtual
More than a hundred Oklahoma students recently converged in virtual meeting rooms to pitch their concepts to investors and business leaders serving as judges in the Love's Entrepreneur's Cup. This event is a statewide collegiate business plan competition that simulates the real-world process of researching a market, creating a business plan, and presenting to potential investors.
Presented by i2E, this year's Love's Entrepreneur's Cup competition awarded $158,000 in cash prizes and scholarships.
For the first time in 16 years, oral presentations were done via videoconference, as the competition pivoted away from the typical live competition to ensure social distancing because of the Coronavirus pandemic.
After watching the presentations from their remote locations, judges ranked the top three teams in the Small Business, High Growth Undergraduate and High Growth Graduate divisions.
Watch the Awards Ceremony
Oklahoma Lt. Gov. Matt Pinnell told the announcement audience that innovators like those competing in the Love's Cup are critical to lifting the country out of the economic crisis brought on by the pandemic.
The Winning Entrepreneurs
Team Argus from Oklahoma Christian University earned first place and a $10,000 prize in the Small Business division. Argus pitched a concept to collect information on a person's physical health using motion capture technology. Team Argus' idea also leverages biomechanical analysis software to provide vital biofeedback about their movement and physical health.
Novel Neuro from the University of Tulsa took home first place in the High Growth Undergraduate category, earning $20,000 in prize money. Novel Neuro developed a patent-pending cognitive assessment platform that more precisely identifies falsified claims of human brain injuries.
Team Juno from the University of Oklahoma won first place and $20,000 in the High Growth Graduate Division. Juno proposed a line of biodegradable pregnancy and ovulation tests that aims to reduce plastic waste.
In addition to the title sponsor, Love's Travel Stops, several StarSpace46 members and friends provided financial support for the event, including Cox Communications, American Fidelity Foundation, Oklahoma Business Roundtable, and Greater Oklahoma City Chamber.